Lefroy Exploration (ASX: $LEX) RC drilling campaign results

Lefroy Exploration Limited (ASX: $LEX) has announced the results from its Reverse Circulation (RC) drilling campaign targeting the Havelock and Lucky Strike gold targets, confirming the expansion of the mineralised gold corridor at Havelock and Lucky Strike. The Havelock mineralisation corridor has been defined along a strike extending greater than 750m and remains open to the northwest and southeast. The company is also planning a regional aircore drilling campaign across the broader Havelock - Lucky Strike District, including drilling in the highly prospective Location 45, freehold ground that has not received systematic Au exploration since 2007.

Executive commentary on RC drilling results

The results provide further confirmation of previous geological modelling conducted by Lefroy after drilling campaigns in 2020 and 2022 across the prospective Lucky Strike and Havelock corridors. We are extremely encouraged by the similarities to Lucky Strike interpreted at Havelock, which Lefroy views as an emerging gold corridor with mineralisation now identified along a 750m strike zone, with clear room to extend. Coupled with our extensive regional aircore drilling campaign planned for late June, we will continue to unlock the potential of the surrounding district to host numerous gold centers and expanding our existing gold resource base.

Summary of RC drilling campaign and outlook

The RC drilling campaign by Lefroy Exploration (ASX: $LEX) has confirmed the expansion of the mineralised gold corridor at Havelock and Lucky Strike, with significant assays returned. The Havelock mineralisation corridor has been defined along a strike extending greater than 750m and remains open to the northwest and southeast. The company is planning a regional aircore drilling campaign across the broader Havelock - Lucky Strike District, including drilling in the highly prospective Location 45, freehold ground that has not received systematic Au exploration since 2007. This indicates the company's ambition to unlock the potential of the surrounding district to host numerous gold centers and expand its existing gold resource base.